Magma
Magma Group is a B2B industrial solutions provider serving 250+ manufacturing clients across 12+ Indian states, integrating advanced materials supply, precision engineering, circular manufacturing, and AI-enabled procurement platforms (Orbit and SamyakEco) for enterprise customers.
- Company typePrivate
- Founded2022
- HeadquartersAhmedabad, India
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Magma does
Magma Group, operated by Taozen Technology Private Limited and headquartered in Ahmedabad, India, is a B2B industrial solutions provider that functions as an integrated operational layer for Indian manufacturers. Founded in 2022 by Neal Thakker, the company serves 250+ industrial factories across 12+ Indian states, with a roster of named enterprise customers including Adani, Reliance, Aditya Birla Group, Arvind, Kajaria, AGL India, UFlex, Indorama, Chiripal Poly Films, and Dalmia Polypro. Its offering is structured across three physical verticals — Advanced Materials (engineered inputs including TerraMag-branded glazing compounds, plastic additives, and mineral oxides with 24,000 TPA processing capacity), Magma Green (recycled feedstock, biomass fuels, and waste management across 4 captive facilities processing 80,000 tons/year, with 65+ recyclers and 67+ baling partners), and Magma Engineering (precision CNC machining, sheet metal fabrication, and MRO for aerospace, automotive, and electronics at ±10 micron tolerances) — supported by a dedicated 90-truck fleet and port presence across 8 locations.
Magma's technology layer consists of proprietary platforms built in-house: Orbit (a digital order management system with WhatsApp OTP-based factory login that centralizes procurement across all verticals), SamyakEco (an AI-led platform for sustainable supply chains featuring supplier KYC, GPS/FASTag feedstock tracking, GST verification, and digital audit trails), MagPorts (logistics tracking), an in-house ERP, dedicated Factory and Supplier apps, and the Magma Green ESG reporting platform. The business generates revenue primarily through transaction-fee models on materials trading, engineering services, recycling, and integrated FOR-basis logistics, with subscription/recurring revenue introduced through the digital platforms under custom multi-year contracts. The company raised an $8 million Series A in January 2026 from a syndicate including General Catalyst, Titan Capital, Capria Ventures, Accion Venture Lab, WEH Ventures, GVFL, Avinya Ventures, All In Capital, and Point One Capital, and states it has been profitable since inception.
Magma firmographics
Firmographics- Name
- Magma
- Legal name
- Taozen Technology Private Limited
- Website
- https://magmagroup.in
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Magma Group is a B2B industrial solutions provider serving 250+ manufacturing clients across 12+ Indian states, integrating advanced materials supply, precision engineering, circular manufacturing, and AI-enabled procurement platforms (Orbit and SamyakEco) for enterprise customers.
- Ownership category
- akta.pro rank
Magma industry classification
Industry- Product category
- B2B Industrial Supply Chain Solutions
- NAICS
- Ground or Treated Mineral and Earth Manufacturing (327992)
- SIC
- Special Industry Machinery, Nec (3559)
- akta.pro primary industry
- B2B/EDI & Supply Chain Process Automation Platforms (HDAEAHAK)
Keywords
Where Magma is headquartered
LocationHeadquarters
- HQ city
- Ahmedabad
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
Magma business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Advanced Materials Trading & Processing: Trading and supply of high-grade, pre-processed raw materials including coating chemicals, metallurgical minerals, glazing compounds, plastic additives, and mineral oxides. Includes proprietary TerraMag product line (glazing compounds, plastic additives, mineral oxides). Revenue from material sales at scale across 250+ factory customers. 24,000 TPA processing capacity.
- Magma Engineering - Precision Manufacturing & MRO: End-to-end precision component manufacturing from design to delivery. Services include precision machining (CNC turning, VMC/HMC machining, multi-axis machining, deep hole drilling, precision milling, boring & threading), sheet metal fabrication, material forming, heat treatment, and surface processing. Targets aerospace, automotive, and electronics sectors. Operates across 12 states serving 250+ customers.
- Magma Green - Circular Manufacturing & Waste Management: Recycled raw material sourcing, biomass fuels for industrial energy, responsible waste management, and surplus/scrap liquidation. Operates 4 captive recycling facilities processing approximately 80,000 tons of industrial waste annually. Network of 65+ recyclers and 67+ baling partners with 15,000 TPA recycling capacity. Enables factories to liquidate dead stock and waste materials for revenue generation.
- Integrated Logistics & Transportation: End-to-end logistics services including a dedicated fleet of 90 specialized trucks and tankers. FOR (Free on Road) basis landed deliveries directly to customer facilities. Reverse logistics for material reclamation and repurposing. Operations across 8 key ports in India.
- Digital Platform Services (Orbit & SamyakEco): Digital ordering, tracking, and coordination platform connecting manufacturers with Magma's supply chain capabilities. Enables real-time visibility, standardized workflows, and structured procurement across all factory facilities and verticals.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | B2B custom solutions - no standard pricing tiers publicly disclosed |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
Magma product offering
Product offeringCore offering
Magma is a B2B manufacturing solutions provider that operates as an on-demand cloud factory for industrial manufacturers, delivering advanced raw materials, precision-engineered components, circular manufacturing/waste recovery services, and integrated logistics across India. The company runs three operational verticals—Advanced Materials (TerraMag), Magma Engineering, and Magma Green—supported by proprietary digital platforms (Orbit for order management and SamyakEco for AI-led sustainable supply chain traceability). It serves 250+ industrial factories with 12+ states connected, 90+ trucks, 8 port locations, and 4 captive recycling facilities.
Product overview
Magma Group operates as a multi-vertical industrial company with three core divisions: Advanced Materials (TerraMag brand), Magma Green (circular manufacturing), and Magma Engineering (precision manufacturing). The company offers digital platforms including Orbit for digital order management and SamyakEco for AI-led sustainable supply chain management. The product portfolio spans from raw material processing to precision manufacturing and digital logistics solutions.
Differentiator
Problem solved
Functional benefit
Brands
- Advanced Materials: Engineered materials for industrial applications including coating chemicals, metallurgical minerals, glazing compounds, plastic additives, and mineral oxides under the TerraMag private label.
- Magma Green
- Magma Engineering
- Orbit
- SamyakEco
- TerraMag
Products and services
- Advanced Materials (TerraMag) Trading and supply of pre-processed raw materials under the TerraMag private label, including glazing compounds (OP Glaze, TR Glaze, Engobe Glaze), coating chemicals, metallurgical minerals, plastic additives, and mineral oxides. Operates with 24,000 TPA processing capacity and serves industrial factories across ceramics, chemicals, and packaging sectors.
- Magma Green Circular manufacturing vertical offering recycled raw material sourcing, biomass fuels for industrial energy, responsible waste management, and surplus/scrap liquidation. Operates 4 captive recycling facilities processing approximately 80,000 tons of industrial waste annually, with a network of 65+ recyclers and 67+ baling partners and 15,000 TPA recycling capacity.
- Magma Engineering Precision component manufacturing and MRO services offering CNC turning, VMC/HMC machining, multi-axis machining, deep hole drilling, precision milling, boring and threading, sheet metal fabrication, material forming, heat treatment, and surface processing at ±10 micron tolerance. Targets aerospace, automotive, and electronics sectors.
- Orbit Unified digital order management system for industrial factories that standardizes ordering, tracking, and coordination across factory operations. Provides real-time visibility into order status, confirmations, and delivery timelines with WhatsApp OTP-based factory login for frictionless digital onboarding.
- SamyakEco AI-driven platform for sustainable industrial supply chains featuring AI-based supplier onboarding and KYC verification, GPS and FASTag-enabled real-time feedstock movement tracking, GPS-enabled traceability with live ETA visibility, fully digital paperless goods receipt, and automated GST verification with compliance checks and digital audit trails.
Quantifiable outcome
- 80,000 tons of industrial waste recycled annually
- +7 more outcomes
Companies that use Magma
Customer profileNamed customers10 records
Segments4 records
Ideal customer profiles4 records
Magma technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability3 records
Feature6 records
Magma partnerships and signals
Strategic signalScale indicators15 records
Recent moves7 records
Expansion highlights7 records
Magma competitors and assessment
Company assessmentDirect peers
- OfBusiness: OfBusiness is an Indian B2B platform that provides raw materials and procurement financing to SMEs and large manufacturers across steel, polymers, chemicals and construction materials — directly comparable to Magma's Advanced Materials vertical and its overall B2B industrial sourcing proposition.
- Moglix: Moglix is an India-headquartered B2B commerce platform for industrial supplies, MRO and supply chain digitization, serving large manufacturers with procurement, vendor management and logistics — overlapping closely with Magma's Orbit digital procurement platform and direct materials supply motion.
- Infra.Market: Infra.Market is a B2B commerce and manufacturing platform for construction and industrial materials with in-house production of concrete, polymers and chemicals — comparable to Magma's vertically integrated materials processing and FOR-delivered supply model for manufacturers.
- Zetwerk: Zetwerk is an Indian contract manufacturing and precision components marketplace connecting factories with OEMs across aerospace, automotive and industrial machinery — closely comparable to Magma Engineering's precision machining vertical serving aerospace, automotive and electronics customers.
Emerging players
- Recykal: Recykal is an Indian digital waste management and circular economy platform connecting waste generators with recyclers, comparable to Magma Green's digital-enabled industrial waste recycling and baling partner network across India.
- Attero: Attero is an Indian e-waste and battery recycling company with proprietary metallurgy, partially comparable to Magma Green's industrial waste recycling operations and circular materials positioning.
- Saahas Zero Waste: Saahas Zero Waste is an Indian waste management and circular economy services company focused on industrial and municipal waste — thematically comparable to Magma Green's industrial recycling and biomass fuel offerings for manufacturers.
Broad incumbents
- Udaan: Udaan is a large Indian B2B commerce platform spanning multiple categories including industrial supplies and packaging materials; it operates at much broader scale than Magma and serves as a broad incumbent reference point for digital B2B procurement in India.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Magma social profiles
Digital presenceMagma financial estimates
Financial estimateRevenue estimate
Valuation estimate
Magma leadership team
Management profileNumber of profiles
Profiles9 records
Magma funding detail
Funding detailFunding overview
Funding rounds1 record
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Magma M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Magma
What does Magma do?
Magma is a B2B manufacturing solutions provider that operates as an on-demand cloud factory for industrial manufacturers, delivering advanced raw materials, precision-engineered components, circular manufacturing/waste recovery services, and integrated logistics across India. The company runs three operational verticals—Advanced Materials (TerraMag), Magma Engineering, and Magma Green—supported by proprietary digital platforms (Orbit for order management and SamyakEco for AI-led sustainable supply chain traceability). It serves 250+ industrial factories with 12+ states connected, 90+ trucks, 8 port locations, and 4 captive recycling facilities.
Is Magma a public or private company?
Magma is a private company. It is classified as venture growth investor backed and is currently operating.
When was Magma founded?
Magma was founded in 2022. It employs 11 to 50 people.
Where is Magma based?
Magma is headquartered in Ahmedabad, India, in the Asia region.
How does Magma make money?
Five revenue lines are on record. Advanced Materials Trading & Processing is the primary driver. The others are magma Engineering - Precision Manufacturing & MRO, magma Green - Circular Manufacturing & Waste Management, integrated Logistics & Transportation and digital Platform Services (Orbit & SamyakEco).
Who are Magma's main competitors?
Direct peers on record are OfBusiness, Moglix, Infra.Market and Zetwerk. Emerging players are Recykal, Attero and Saahas Zero Waste. Udaan is listed as a broad incumbent.
Does Magma have an API?
No public API is recorded for Magma.
What industry is Magma in?
Magma's product category is B2B Industrial Supply Chain Solutions. Its primary akta.pro industry code is HDAEAHAK, B2B/EDI & Supply Chain Process Automation Platforms. Its NAICS code is 327992 and its SIC code is 3559.